Twitter OAuth live on Tipjoy
tipjoy.com
tipjoy.com
Now somebody has to tip me 15 cents to get my SMS message cost back because TipJoy DMed me.
Note that you took the step to integrate your phone with twitter, and accepted that a DM = an SMS. You can turn that off.
Correct me if I am wrong but doesn't tipjoy get 3% and paypal (possibly) another few %? That makes the $1 twit-tip very much less.
I assume they are just doing it for the growing twitter crowd. hell, twitter does not even make much sense to me, so maybe this will work for them! ^^
We take a 3% cut on cash out. If A gives $1 to B and B gives $1 to C, there is no fee. If C cashes out, we remove our fee and any overhead of moving money in and out of the system. The worst case overhead ends up being a fraction of the overhead of just using paypal.
We have already seen lots of P2P usage of this (paying for coffee or gifting a beer for a friend), and heavy use in microgiving donations to non-profits. As applications build on top of twitter, we expect people to pay for them using us.
We've already made an API for these transactions: http://tipjoy.com/api